Technology stocks are leading the market higher despite ongoing inflation concerns, with Nvidia rising on strong chip demand and Apple shares gaining ahead of a new product launch on February 19. US bond yields have dropped after producer price data signaled easing inflation, while MGM Resorts saw its biggest jump since 2020. Meanwhile, AppLovin is emerging as a potential rival to TikTok. In commodities, oil steadied after paring losses on tariff hopes, but iron ore declined due to Indian tax concerns. Gold, on the other hand, rose in response to Trump’s tariff plans. Looking ahead, Aussie shares are expected to open higher on Friday ahead of key earnings reports from Cochlear and Mirvac.

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